Cardamine You're correct. I deleted my post be
Post# of 85486
You're correct. I deleted my post because some of what I said was wrong.
I'll repost it again with the correct info.
Correct info:
What is FIFO vs LIFO?
The First-In, First-Out (FIFO) method assumes that the oldest unit of inventory is the sold first.
The Last-In, First-Out (LIFO) method assumes that the last unit to arrive in inventory or more recent is sold first.